mittal court, a wing, 2nd floor, nariman point, …...(rs.) 1 sailani baba tours & travels...
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1. SAILANI BABA TOURS & TRAVELS HUNDAI XCENT(July 2015) MH48F1292 162,000.00
2 NUMAAN ENTERPRISES TATA INDICA(Oct. 2015) MH48F1963 32,400.00
3 TULJA BHAWANI TRAVELS Maruti Suzuki Dzire Tour VDI BS IV, MH-02-CR-7129 243,000.00
(Feb 2016)
4 SIDDAKALA TOURS & TRAVELS Fiat Linea Classic CDI, (June 2015) MH-02-CR-4572 315,000.00
5 CHINTAMANI TOURS AND TRAVELS Nissan Sunny XL (Nov. 2015) MH-04-GD-5792 297,500.00
6 RAJ TOUR AND TRAVELS Chevrolet Enjoy -1.3 L 7S LT15 MH-03-BC-5077 360,000.00
(Dec 2015)
7 S D TOURS & TRAVELS HYUNDAI XCENT CRDI BSIV (April 2016) MH-01-CJ-0327 324,000.00
8 RAW TRAVEL Maruti Swift D’zire (Saloon) (Aug.2015) MH-02-CR-5015 200,925.00
9 VAIBHAV TOURS AND TRAVELS Maruti - Ritz-VDI- (Jan 2015) MH-05-BJ-697 180,000.00
10 ARYAN TOUR & TRAVELS Tata Indica,EV2LS (May 2015) MH-43-D-9468 162,000.00
11 JIVDANI TOURS & TRAVELS Huyndai Xcent (Nov. 2015) MH-48-F-1648 270,000.00
12 ARJUN TOURS AND TRAVELS Nissan Sunny XLD (Dec 2016) MH-03-BC-6236 194,400.00
13 J & B TOURS & TRAVELS Nissan Sunny XLD (Jan 2016) MH-01-BT-8436 211,500.00
14 OWNER TOURS AND TRAVELS Nissan XE BSIV (Nov 2015) MH-04-GD-5830 190,800.00
15 AQIB TRAVELS Nissan Sunny XL (April 2016) MH-03-BC-6823 340,000.00
16 TEJASHVI TRAVELS Maruti Ertiga (June 2015) MH-02-CR-4384 360,000.00
17 IQRA TRAVELS Tata Indica EVZ LSM (Nov. 2015) MH-02-CR-5862 225,000.00
18 DANISH TOURS & TRAVELS Nissan Sunny (Aug. 2015) MH-43-D-9950 194,400.00
19 SAYALI TOURS & TRAVELS Hyundai Xcent CRDI (Oct.2015) MH-43-BA-0148 202,500.00
20 DEVI BHAVAI TOURS & TRAVELS Nissan Sunny XL (Oct 2015) MH-04-GD-5543 222,750.00
21 ESHAN TOURS & TRAVELS Nissan Sunny XLD- (July2015) MH-05-BJ-958 324,000.00
22 AAI EKVIRA TOURS & TRAVELS Maruti Suzuki- Swift Dezire Tours MH-04-GD-5243 225,000.00
(Sept. 2015)
23 DAMAN TRAVELS Maruti Suzuki- Swift Dezire Tours MH-04-GD-4490 210,600.00
(June 2015)
24 UMER TOURS & TRAVELS Maruti Suzuki Swift Dezire(Aug 2015) MH-03-BC-3862 182,250.00
25 KRISHNA TOURS & TRAVELS Maruti - Ritz-VDI (Mar. 2015) MH-04-GD-3778 180,000.00
26 PRATHMESH TOUR & TRAVELS Maruti Suzuki- Swift Dezire(Oct. 2015) MH-03-BC-4260 225,000.00
27 DAKSH TOURS & TRAVELS Maruti Suzuki -Ritz-VDI (Jan 2015) MH-04-GD-3539 162,000.00
28 ABDULMAJID IBRAHIM SHAIKH Hyundai I10 (April 2016) MH-03-AT-5693 225,000.00
29 KOLI TRAVELS Maruti Wagon R LXI CNG (K-Series) MH-43-D-8933 202,500.00
(Dec 2014)
30 SHAIL SAMPURNANAND TRIPATHI Hyundai I10 (Sept. 2015) MH-01-BT-6515 202,500.00
31 BALKRISHNA KONDAJI GOPALE Hyundai I10 D Lite5STR(Nov. 2015) MH-03-AT-5228 225,000.00
Name of theBorrower
Vehicle details (Registration)
Registration Number
Revised Reserve Price (Rs.)
PUBLIC NOTICE FOR E-AUCTIONSale of Hypothecated Vehicles
Notice is hereby given that in view of the defaults committed by following borrowers, IDBI Bank Ltd. (IDBI Bank) has taken re-possession of the following hypothecated vehicles from the Borrowers. IDBI Bank invites bids/ offers for sale of the following hypothecated vehicles:
IDBI Bank Ltd.Mittal Court, A Wing, 2nd Floor,Nariman Point, Mumbai 400021
Terms & Conditions1. The sale of Secured Assets is on “as is where is basis”, “as is what is basis”, “whatever there is basis” and “no recourse basis” for and
on behalf of the Secured Creditors viz.: IDBI Bank Ltd. All statutory liabilities / taxes / maintenance etc., outstanding as on date and yet to fall due would be ascertained by the bidder(s) and would be borne by the successful bidder. Bank does not take any responsibility to provide information on the same.
2. The sale would be conducted through E-Auction platform at website www.auctiontiger.net through e-auction service provider M/s E- Procurement Technologies Ltd
3. The aforesaid Vehicle(s) shall not be sold below the reserve price mentioned above4. The bidder is required to submit the Earnest Money Deposit (EMD) by way of RTGS/ NEFT in favour of IDBI Bank Limited along with the
bid. EMD will be 10 percent of the Reserve Price. Separate bid/ EMD to be submitted for each vehicle.5. The EMD will not carry interest. The Bank may retain EMD of top three bidders upto 3 months from the date of opening of the bids.6. The successful bidder/ purchaser will be required to deposit 25% of the sale price (less the amount of EMD deposited) at the time of
confirmation of sale. The balance amount of the sale price is to be paid within 7 days of the confirmation of the sale or such extended period as may be agreed to by the Bank. In case of failure to deposit the balance amount within the prescribed period, the deposited amount shall be forfeited, including earnest money/ EMD and the hypothecated vehicle shall be resold and the defaulting purchaser shall forfeit all claims to the hypothecated vehicle or any of the sum for which it may be subsequently sold.
7. The Bank is not bound to accept the highest bid and the Bank reserves the right to accept or reject any or all bids without assigning any reason(s). In case the bids are rejected, the Bank reserves the right to sell the assets by any mode, including through dealers.
8. The hypothecated vehicle mentioned hereinabove are based on the charges created by the Borrower in favour of secured creditor namely IDBI Bank. Interested bidder/ parties are requested to verify the details of the hypothecated vehicle and inspect the records relating to hypothecated vehicle available with the Bank on request.
9. The Bank does not take responsibility for any errors/ omissions/ discrepancy/ shortfall etc. in the hypothecated vehicle or for procuring any permissions etc. or for the dues of any authority established by law.
10. The hypothecated vehicle is being sold free from charges and encumbrances of IDBI Bank only.11. The successful bidder would be required to bear all the necessary charges/ fees, expenses for conveyance like stamp duty, registration
expenses, tax liabilities, insurance if any etc. for transfer of hypothecated vehicle.12. The bidder shall submit their sufficient and acceptance proof of identity, residence, authority, PAN/ TAN cards/ Aadhar card etc. with the
EMD/ Bid.13. The Bid Document , which contains the detailed terms and conditions of sale, bid forms etc may be obtained from our branch office at
IDBI Bank, Mittal Court, A Wing, 2nd Floor, Nariman Point, Mumbai 400021 free of charge , on all working days or can be downloaded from IDBIs website www.idbibank.com and https://idbi.auctiontiger.net.
14. For inspection of the vehicles from Lot. no. 1to 4, kindly contact (M) 9689603701, (M) 8600692348 at Trinity Enterprises Sr. no. 145 164 168 Hissa no. 1 and 2 behind Waltain Hotel Mumbai Ahmadabad Highway Sasupada Naigaon Vasai Dist Palghar 401208 Land Mark Indian Oil Petrol Pump and for vehicles mentioned under Lot. no. 5 to 32 kindly contact (M) 8652883956, (M) 9969786683, (M) 9820995439 at MMRDA Parking, Behind Trident Hotel, BKC, Mumbai 400051. Vehicles may be inspected between the period 23.03.2019 to 26.03.2019.
15. Interested parties may contact Shri Kanet D’souza, Authorised Officer, IDBI Bank Ltd., ((T)+91 022 61279342, (email) [email protected] or Shri. Pankaj Kumar, (T) +91 022 61279348 , ( email) [email protected] and Shri. Rajesh D. Bobhate, (T) 022 61279219, (email) [email protected] and Shri. Angshuman Haldar, (T) 022 62246860, (email) [email protected]
16. This is also a notice to the above borrowers about holding of auction sale of the vehicle.
Date of Inspection Last Date of Submission of Tender Date of Auction
March 23, 2019 to March 26, 2019 From 11.00 am to 4.00 pm
March 26, 2019 Upto 4.00 PM March 28, 2019 From 11.00 am to 1.00 p.m. (with unlimited extension of 5 mins)
Lot No.
Sd-Authorised Ofcer
IDBI Bank Ltd.
Place: MumbaiDate: February 26, 2019
size : 12x27
Page 1 of 12
Sale of Hypothecated Vehicles
Notice is hereby given that in view of the defaults committed by following borrowers, IDBI Bank Ltd. (IDBI
Bank) has taken re-possession of the following hypothecated vehicles from the Borrowers. IDBI Bank invites
bids/ offers for sale of the following hypothecated vehicles:
Lot
No. Name of the Borrower Vehicle details (Registration)
Registration
Number
Reserve Price
(Rs.)
1 SAILANI BABA TOURS &
TRAVELS HUNDAI XCENT(July 2015) MH48F1292 162,000.00
2 NUMAAN ENTERPRISES TATA INDICA(Oct. 2015) MH48F1963 32,400.00
3 TULJA BHAWANI TRAVELS Maruti Suzuki Dzire Tour VDI
BS IV, (Feb 2016) MH-02-CR-7129 243,000.00
4 SIDDAKALA TOURS &
TRAVELS
Fiat Linea Classic CDI, (June
2015) MH-02-CR-4572 315,000.00
5 CHINTAMANI TOURS AND
TRAVELS Nissan Sunny XL (Nov. 2015) MH-04-GD-5792 297,500.00
6 RAJ TOUR AND TRAVELS Chevrolet Enjoy -1.3 L 7S
LT15 (Dec 2015) MH-03-BC-5077 360,000.00
7 S D TOURS & TRAVELS HYUNDAI XCENT CRDI
BSIV (April 2016) MH-01-CJ-0327 324,000.00
8 RAW TRAVEL Maruti Swift D’zire
(Saloon)(Aug.2015) MH-02-CR-5015 200,925.00
9 VAIBHAV TOURS AND
TRAVELS Maruti - Ritz-VDI- (Jan 2015) MH-05-BJ-697 180,000.00
10 ARYAN TOUR & TRAVELS Tata Indica,EV2LS (May
2015) MH-43-D-9468 162,000.00
11 JIVDANI TOURS & TRAVELS Huyndai Xcent (Nov. 2015) MH-48-F-1648 270,000.00
12 ARJUN TOURS AND
TRAVELS
Nissan Sunny XLD (Dec
2016) MH-03-BC-6236 194,400.00
13 J & B TOURS & TRAVELS Nissan Sunny XLD (Jan 2016) MH-01-BT-8436 211,500.00
14 OWNER TOURS AND
TRAVELS Nissan XE BSIV (Nov 2015) MH-04-GD-5830 190,800.00
15 AQIB TRAVELS Nissan Sunny XL (April 2016) MH-03-BC-6823 340,000.00
16 TEJASHVI TRAVELS Maruti Ertiga (June 2015) MH-02-CR-4384 360,000.00
17 IQRA TRAVELS Tata Indica EVZ LSM (Nov.
2015) MH-02-CR-5862 225,000.00
18 DANISH TOURS & TRAVELS Nissan Sunny (Aug. 2015) MH-43-D-9950 194,400.00
19 SAYALI TOURS & TRAVELS Hyundai Xcent CRDI
(Oct.2015) MH-43-BA-0148 202,500.00
20 DEVI BHAVAI TOURS &
TRAVELS Nissan Sunny XL (Oct 2015) MH-04-GD-5543 222,750.00
21 ESHAN TOURS & TRAVELS Nissan Sunny XLD-
(July2015) MH-05-BJ-958 324,000.00
22 AAI EKVIRA TOURS &
TRAVELS
Maruti Suzuki- Swift Dezire
Tours (Sept. 2015) MH-04-GD-5243 225,000.00
23 DAMAN TRAVELS Maruti Suzuki- Swift Dezire
Tours (June 2015) MH-04-GD-4490 210,600.00
24 UMER TOURS & TRAVELS Maruti Suzuki Swift Dezire
(Aug 2015) MH-03-BC-3862 182,250.00
25 KRISHNA TOURS & TRAVELS Maruti - Ritz-VDI (Mar. 2015) MH-04-GD-3778 180,000.00
26 PRATHMESH TOUR &
TRAVELS
Maruti Suzuki- Swift Dezire
(Oct. 2015) MH-03-BC-4260 225,000.00
27 DAKSH TOURS & TRAVELS Maruti Suzuki -Ritz-VDI (Jan
2015) MH-04-GD-3539 162,000.00
28 ABDULMAJID IBRAHIM
SHAIKH Hyundai I10 (April 2016) MH-03-AT-5693 225,000.00
29 KOLI TRAVELS Maruti Wagon R LXI CNG
(K-Series)(Dec 2014) MH-43-D-8933 202,500.00
30 SHAIL SAMPURNANAND
TRIPATHI Hyundai I10 (Sept. 2015) MH-01-BT-6515 202,500.00
31 BALKRISHNA KONDAJI
GOPALE
Hyundai I10 D Lite5STR(Nov.
2015) MH-03-AT-5228 225,000.00
Page 2 of 12
Date of Inspection Last Date of Submission of
Tender
Date of Auction
March 23, 2019 to March 26, 2019
From 11.00 am to 4.00 pm
March 26, 2019 Upto 4.00 PM March 28, 2019 From 11.00 am to 1.00
p.m. (with unlimited extension of 5
mins)
Terms & Conditions
1. The sale of Secured Assets is on “as is where is basis”, “as is what is basis”, “whatever there is basis”
and “no recourse basis” for and on behalf of the Secured Creditors viz.: IDBI Bank Ltd. All statutory
liabilities / taxes / maintenance etc., outstanding as on date and yet to fall due would be ascertained by the
bidder(s) and would be borne by the successful bidder. Bank does not take any responsibility to provide
information on the same.
2. The sale would be conducted through E-Auction platform at website https://idbi.auctiontiger.net through
e-auction service provider M/s E- Procurement Technologies Ltd.
3. The aforesaid Vehicle(s) shall not be sold below the reserve price mentioned above
4. The bidder is required to submit the Earnest Money Deposit (EMD) by way of RTGS/ NEFT in favour of
IDBI Bank Limited along with the bid. EMD will be 10 percent of the Reserve Price. Separate bid/ EMD to
be submitted for each vehicle.
5. The EMD will not carry interest. The Bank may retain EMD of top three bidders upto 3 months from the
date of opening of the bids.
6. The successful bidder/ purchaser will be required to deposit 25% of the sale price (less the amount of EMD
deposited) at the time of confirmation of sale. The balance amount of the sale price is to be paid within 7
days of the confirmation of the sale or such extended period as may be agreed to by the Bank. In case of
failure to deposit the balance amount within the prescribed period, the deposited amount shall be forfeited,
including earnest money/ EMD and the hypothecated vehicle shall be resold and the defaulting purchaser
shall forfeit all claims to the hypothecated vehicle or any of the sum for which it may be subsequently sold.
7. The Bank is not bound to accept the highest bid and the Bank reserves the right to accept or reject any or all
bids without assigning any reason(s). In case the bids are rejected, the Bank reserves the right to sell the
assets by any mode, including through dealers.
8. The hypothecated vehicle mentioned hereinabove are based on the charges created by the Borrower in
favour of secured creditor namely IDBI Bank. Interested bidder/ parties are requested to verify the details of
the hypothecated vehicle and inspect the records relating to hypothecated vehicle available with the Bank
on request.
9. The Bank does not take responsibility for any errors/ omissions/ discrepancy/ shortfall etc. in the
hypothecated vehicle or for procuring any permissions etc. or for the dues of any authority established by
law.
10. The hypothecated vehicle is being sold free from charges and encumbrances of IDBI Bank only.
11. The successful bidder would be required to bear all the necessary charges/ fees, expenses for conveyance
like stamp duty, registration expenses, tax liabilities, insurance if any etc. for transfer of hypothecated
vehicle.
12. The bidder shall submit their sufficient and acceptance proof of identity, residence, authority, PAN/ TAN
cards/ Aadhar card etc. with the EMD/ Bid.
13. The Bid Document , which contains the detailed terms and conditions of sale, bid forms etc may be
obtained from our branch office at IDBI Bank, Mittal Court, A Wing, 2nd
Floor, Nariman Point,
Mumbai 400021 free of charge , on all working days or can be downloaded from IDBIs website
www.idbibank.com and https://idbi.auctiontiger.net.
14. For inspection of the vehicles from Lot. no. 1to 4, kindly contact (M) 9689603701, (M) 8600692348 at
Trinity Enterprises Sr. no. 145 164 168 Hissa no. 1 and 2 behind Waltain Hotel Mumbai Ahmadabad
Highway Sasupada Naigaon Vasai Dist Palghar 401208 Land Mark Indian Oil Petrol Pump and for vehicles
mentioned under Lot. no. 5 to 32 kindly contact (M) 8652883956, (M) 9969786683, (M) 9820995439 at
MMRDA Parking, Behind Trident Hotel, BKC, Mumbai 400051. Vehicles may be inspected between the
period 23.03.2019 to 26.03.2019.
15. Interested parties may contact Shri Kanet D’souza, Authorised Officer, IDBI Bank Ltd., ((T)+91 022
61279342, (email) [email protected] or Shri. Pankaj Kumar, (T) +91 022 61279348 , ( email)
[email protected] and Shri. Rajesh D. Bobhate, (T) 022 61279219, (email)
[email protected] and Shri. Angshuman Haldar, (T) 022 62246860, (email)
[email protected] 16. This is also a notice to the above borrowers about holding of auction sale of the vehicle.
Page 3 of 12
TERMS AND CONDITIONS
1 The Authorized Officer (AO) exercising the powers for selling the ceased Vehicles mentioned at
page 1 of the Tender/ Offer / Bid Document (hereinafter referred to as the 'Secured Assets').
2 Issue of Tender/ Offer / Bid Document
The Tender/ Offer / Bid Document along with Offer Form is being distributed on any working
day between 10.00 am and 4.00 pm and can be obtained from any of our office/ Branch or from
AO Shri Kanet Dsouza (DGM) and Shri. Pankaj Kumar (AGM) or Shri. Rajesh D. Bobhate IDBI
Bank, Mittal Court, 2nd
floor, Retail Recovery Dept., Nariman Point, Mumbai 400021
The Tender/ Offer / Bid Document can also be downloaded from IDBI website www.idbi.com
and https://idbi.auctiontiger.net.
All Payments to IDBI Bank Ltd by bidders in connection with this auction shall be made by DD /
Pay Order. The said DD/Pay Order shall be drawn in favour of “IDBI Bank Ltd. payable at
Mumbai issued by any Scheduled commercial Bank.
OR
Bidders who prefer to submit the payments by way of RTGS, may remit the amount in favour of
IDBI Bank Limited, Account No. 85537000010054, IFSC Code: IBKL0000004, Branch
Nariman Point, Mumbai.
3 Reserve Price and Earnest Money Deposit (EMD)
As mentioned in the table on page 1.
4
The sale of Secured Assets is on “As is where is”, “As is what is & whatever there is” and
“without recourse” basis. The description of the movable properties is based on the mortgages
created by the Borrower with the secured creditor. All statutory liabilities / taxes / Insurance fee
etc., outstanding as on date and/or yet to fall due would be ascertained by the bidder(s) and would
be borne by the successful bidder. The AO or the secured lender do not take or assume any
responsibility for any shortfall of the movable assets or for procuring any permission, etc. or for
the dues of any authority established by law. It is expressly made clear that the AO / secured
creditor do not take or assume any responsibility for any dues, statutory or otherwise of The
Borrower including such dues that may affect transfer of the assets in the name of the purchaser
and such dues, if any, will have to be borne/ paid solely by the purchaser.
Statutory liabilities of the Borrower and encumbrances on the movable properties known to the
AO are Nil. However the prospective bidders are advised to satisfy themselves regarding
encumbrances, if any, over the above vehicles.
4(A)
Inspection of asset:
The interested bidders may inspect the secured asset at their own cost and expense on March 23,
2019 to March 26, 2019 between 11.00 a.m. to 4.00 p.m. in the presence of the representative of
the AO available at the site to facilitate the inspection.
5 Due Diligence by the Bidders
The interested parties may carry out their own comprehensive due diligence in respect of the
Secured Assets including any dues relating to the Secured Assets.
A bidder shall be deemed to have full knowledge of the condition of the assets, relevant
documents, information, etc. whether the bidder actually inspects or visits or verifies or not.
6 The bidders shall be deemed to have inspected and approved the Secured Assets to their entire
satisfaction and for the purpose, the Bidders may, in their own interest and at their own cost,
verify the assets and any other relevant information before submitting the Bids. It shall be
presumed that the bidder has satisfied himself/herself about the names, descriptions, particulars,
quantities, qualities, specifications and abuttals of the assets/properties and that the bidder
concurs or otherwise admits the identity of the assets/properties purchased by him/her
notwithstanding any discrepancy or variation, by comparison of the description in the particulars
of the assets/properties and their condition.
7 The Bidder shall not be entitled to receive re-imbursement of any expenses which may have been
incurred in preparation of the Bid/Offer for submission and/or for carrying out due diligence,
search of titles to the assets and matters incidental thereto or for any other purpose in connection
with purchase of the assets under reference.
8 Submission of Tender/ Offer / Bid Document /Offer
The Bidder shall complete in all respects the Offer form(s) annexed to the Tender/ Offer / Bid
Document, and furnish the information called for therein and shall sign and date each of the
documents in the space provided therein for the purpose. The Bidder shall sign each page of
the Offer. Offers received for sale and / or accepted are not transferable.
The Format for submission of Profile of the bidder is given below, of this Tender/ Offer / Bid
Document.
The format is separate for Individuals and Company / Proprietorship / Partnership firms. Bidders
may fill in only the form relevant to them.
Page 4 of 12
9 The Tender/ Offer / Bid Document shall be signed by a person or persons duly authorized by the
Bidder with the signature duly attested.
10 The Tender/ Offer / Bid Document shall contain the full address, Telephone No., Fax No., e-mail-
ID, if any, of the Bidder for serving notices required to be given to the Bidder in connection with
the Offer.
11 The Tender/ Offer / Bid Document form shall not be detached one from the other and no
alteration or mutilation (other than filling in all the blank spaces) shall be made in any of the
documents attached thereto.
12 Last date for submission of Tender/ Offer / Bid Document
The interested parties may submit Tender/ Offer / Bid Document duly filled and signed along
with the required documents to AO Shri Kanet Dsouza (DGM) and Shri Pankaj Kumar (AGM) or
Shri. Rajesh D. Bobhate IDBI Bank, Mittal Court, 2nd
floor, Retail Recovery Dept., Nariman
Point, Mumbai 400021 on any working day but not later than 4.00pm on March 26, 2019 in
two sealed covers with one sealed cover containing a crossed A/c Payee Demand Draft/Pay Order
drawn in favour of "IDBI Bank Ltd." payable at Mumbai issued by any Nationalised
Bank/Scheduled Bank as Earnest Money Deposit (EMD), which shall be superscribed “EMD for
Respective Vehicle Registration number” and the other sealed cover containing the Bid
Document superscribed “Bid Document – Respective Vehicle Registration number” and
Name and phone number of Bidder to be mentioned on left hand side.
Remittance of EMD by way of RTGS
Bidders who prefers to submit the EMD by way of RTGS, may remit the EMD amount in favour
of IDBI Bank Limited, Account No. 85537000010054, IFSC Code: IBKL0000004, Branch
:Nariman Point, Mumbai. Not later than 4.00 PM on dated March 26, 2019. Such bidders
must indicate RTGS UTR No., Amount remitted and date in the appropriate space in the
Bid Forms.
13
The bidder/representative of whose Tender/ Offer / Bid document is complete in every respect
and whose Demand Draft/Pay Order for EMD is found to be in order and or remittance by way of
RTGS proceeds is credited into the account indicated above well before the cut-off time, will be
permitted to participate in the e -auction process. Form of Tender /Offer/ Bid document, if found
incomplete in any respect, shall be liable for outright rejection. Bidders, whose forms are found to
be in order along with the EMD submitted by them, will be informed by e-mail and through
mobile.
14 Registration with E-Auction Service Provider
1. IDBI Bank Ltd. has appointed M/s E-Procurement Technologies Ltd as e-Auction
Support Provider (e-ASP) for the said sale.
2. Participants who are not already registered with the e-auction provider M/s E-
Procurement Technologies Ltd. should register themselves by following the procedure
mentioned at the website: https://idbi.auctiontiger.net
3. After scrutinisation of bids and confirmation of the receipt of EMD as advised, AO
would forward names and other details of valid bidders to M/s E-Procurement
Technologies Ltd for initiating further process related to the said auction.
4. Shri Tilak Maratha on (M) +91 9067799646,(email) [email protected]; and Shri
Akash Karhe on (M) +91 9833398547, (email) [email protected] are
authorized representatives of M/s E-Procurement Technologies Ltd
5. The participants /intending purchasers are necessarily required to submit following
documents / papers for registration to E- Procurement Technologies Ltd.
a. E-Auction Form duly signed & filled up. Please download from
https://idbi.auctiontiger.net
b. Self attested copy of PAN Card / Aadhaar Card
c. Self Attested valid residential proof (Voter Id card, Passport copy,
Ration card, telephone bill, electric bill - any one)
d. Valid e mail id and mobile no.
6. After completion of e-Auction process, M/s E-Procurement Technologies Ltd would
submit list of all the bidders along with their bid amount to AO/IDBI Bank Ltd.
7. Thereafter, AO would intimate the bidders accordingly.
The user id and password will be then sent directly to the registered participants / intending
purchasers whose Bid Documents are complete in every respect and whose Demand Draft/Pay
Order for EMD is found to be in order before the cut-off time and any other documents required,
by the e- auction provider company, if any, for log in and participating in the auction through
online process.
After receiving the userid / password, in case any bidders feel the need for training / e – auction
support, such bidders may contact Shri Tilak Marathaon (M) +91 9067799646, (email)
[email protected] or Shri Akash Karhe on (M) +91 9833398547, (email)
The Bank/ AO / e-auction service provider will not be responsible for any error occurred
due to power failure / computer hardware or software error / network error etc. at the time
of e-auction.
Page 5 of 12
15 The e- auction day : March 28, 2019
The e-auction would be held from 11 am to 1.00 pm
The auction would be held with unlimited extensions of 5 minutes each, beyond 1.00 pm, if
required, on e-auction platform at website: https://idbi.auctiontiger.net. In case no further valid
bids are received during the extended period, the last highest bid received would be treated as the
successful bid and auction would be treated as closed/terminated.
Increase in Bid Amount:
It may be noted that increase in bid amount, if any, during the e-auction period shall be made as
under.
In multiples of Rs. 5,000/- . Increase in bid amount below Rs.5,000/- will be rejected.
First bid should be of at least equal to Reserve Price or increment(s) over the Reserve Price in
multiples as above.
16 In case of default in payment at any stage by the successful bidder/ auction purchaser within the
stipulated time, the sale will be cancelled and the amount already paid will be forfeited and
Authorised Officer reserves the right to resell the property to the second/third highest bidder in the
above manner, which shall be treated as if he/she were the only successful bidder or to conduct
the auction again. AO reserves the right to retain the EMD of top three bidder’s upto three months
from the date of e-auction and the amount of EMD will not carry any interest, for the purpose
of considering subsequent successful bidder. The Bids so retained will be valid for two months
from the date of e-auction or till further extension of time as may be approved by the AO. The
EMD of other bidders will be returned within 7 days from the date of e-auction and the amount of
EMD will not carry any interest.
17 Payment of Sale Price
The successful bidder would be informed in writing about the acceptance of his/her bid/offer by
the AO and will be required to deposit 25 % of the sale price (less the amount of EMD) on the
same day of sale or not later than the next working day by crossed A/c Payee Demand Draft/Pay
Order drawn in favour of "IDBI Bank Ltd." payable at Mumbai issued by any Nationalised
Bank/Scheduled Bank or by way of RTGS in favour of IDBI Bank Limited, Account No.
85537000010054, IFSC Code: IBKL0000004, Branch : Nariman Point, Mumbai. The balance
75% amount of the bid amount shall have to be paid within 7 days of the date of letter intimating
acceptance of his/her bid or by April 4, 2019 by way of crossed A/c Payee Demand Draft/Pay
Order drawn in favour of "IDBI Bank Ltd. " Payable at Mumbai issued by any Nationalised
Bank/Scheduled Bank or by way of RTGS in favour of IDBI Bank Limited, Account No.
85537000010054, IFSC Code: IBKL0000004, Branch :Nariman Point Mumbai or such
extended period as may be agreed upon in writing between the successful bidder and the AO.
18 In case the successful bidder fails to deposit 25% of the sale price as aforesaid, the AO shall
forfeit the EMD and if the successful bidder backs out after paying 25% of the sale price, then AO
shall forfeit the 25% of the sale consideration so deposited including the EMD and the Secured
Assets will be resold.
19 In case of default in payment of the remaining 75% of the bid amount within the prescribed
period, the 25% amount deposited will be forfeited and Secured Assets will be resold. The
defaulting successful bidder shall forfeit all claims to the assets or to any part of the sum for
which it may be subsequently sold.
20 In the event of the successful bidder failing to pay the consideration amount within the time
schedule stipulated, the AO reserves the right to resell the assets to the second/third highest bidder
in the above manner, who shall also be treated as the successful bidder and further in terms of this
Bid Document.
21 On confirmation of sale and if the terms of payment have been complied with, the AO exercising
the power of sale shall issue Certificate of Sale for the movable property in favour of the
purchaser. The said Certificate of Sale shall be issued in the name of the person who has made the
bid and not in the name of any other person.
22 The successful Bidder after making full payment of sale price shall immediately and
simultaneously take possession of the Secured Assets. The AO shall not be in any manner
responsible for security, safe-keeping and possession of the Secured Assets. In case the successful
bidder fails to take possession as stated above, the AO reserves the right to revoke the sale
confirmed in his/her favour and forfeit the entire amount paid by the bidder. Further, such bidder
shall have no claims on the Secured Assets or to any amount /s for which Secured Assets may be
subsequently sold.
23 The purchaser will be required to bear all the necessary expenses like stamp duty, registration
expenses, etc. for transfer of assets in his/her name. It is expressly stipulated that there are no
implied obligations on the part of the AO or the secured lender and it shall be solely the obligation
of the Bidder, at his/her cost, to do all acts, things and deeds whatsoever for the completion of the
sale including payment of all statutory liabilities / housing society tax / maintenance fee /
electricity / water charges/ property taxes etc., outstanding as on date and yet to fall due would be
ascertained by the bidder(s) and would be borne by the successful bidder to get the assets
transferred in his /her/their name. Bank does not take any responsibility to provide information
on the same.
Page 6 of 12
24 The submission of the Bid/Offer means and implies that the Bidder/Offerer has unconditionally
and irrevocably agreed to and accepted all the above terms and conditions of the Bid/Offer laid
down herein.
25 The time hereinabove fixed for the observance and performance by the bidder of any of the
obligations to be observed by him/her under these conditions is and shall be deemed to be of the
essence.
26 If the entire outstanding dues of IDBI Bank together with all interests, costs, charges and expenses
of IDBI Bank are Tender/ Offer / Bid Documented by the borrower/s or co-borrower/s at any time
on or before the sale, the sale of Secured Assets may be cancelled by the AO.
27 The AO shall be at liberty to amend/modify/delete/drop any of the above conditions as may be
deemed necessary in the light of the facts and circumstances.
28 The entire procedure of e–auction, the sequence of inter-se bidding etc. shall be at the sole and
absolute discretion of the AO and the intending bidders shall have no right whatsoever to object to
the same.
29 Notwithstanding anything to the contrary contained in this document, the AO reserves the right
and liberty to accept/reject any or all the Bids/Offers and also reserves the right to postpone the
auction at any time or cancel the entire sale process without assigning any reasons and his
decision in this regard shall be final. In case all the bids are rejected or the successful bidder fails
to make payments as required in the Bid Document or withdraws his/her bid, the AO, at his sole
and absolute discretion, reserves the right to go for re-bidding or sell the assets by any of the
modes as prescribed in the SARFAESI Act including sale by negotiation with any of the bidders
and/or other parties by private treaty and the Bidders shall have no right to object to the same.
30 In the event the said sale in favour of the bidder not being confirmed by AO, otherwise than on
account of the willful default of the bidder or if the sale is set aside by an order of the
Court/Tribunal, then in that event the sale shall be void and the bidder shall, in that event be
entitled only to receive back his/her Earnest Money Deposit (EMD) or purchase money as the
case may be, but without interest, and the bidder shall not be entitled to be paid his costs, charges
and expenses of and incidental to the said sale and investigation of title or any other costs incurred
by him/her.
31 Jurisdiction
All disputes arising amongst the parties shall be adjudicated according to Indian Law and the
Courts in Mumbai alone shall have jurisdiction to entertain /adjudicate such disputes.
Page 7 of 12
V. BRIEF DETAILS OF TENDER/ OFFER / BID DOCUMENT
TENDER/ OFFER / BID DOCUMENT FORM FOR PURCHASE OF SECURED ASSETS
Details of the movable secured assets
As per the list of 31 cars tabulated above
1 Issue of Bid/ Offer
Document
: The Tender/ Offer / Bid Document can be obtained from from AO AO
Shri Kanet Dsouza (DGM) and Shri Pankaj Kumar (AGM) or Shri
Rajesh D. Bobhate IDBI Bank, Mittal Court, 2nd
floor, Retail Recovery
Dept., Nariman Point, Mumbai 400021.
Upto March 26, 2019 on any working day between 10.00 am and 4.00
pm. The Tender/ Offer / Bid document can also be downloaded from
IDBI website www.idbibank.com and https://idbi.auctiontiger.net
2 Cost of the Tender/
Offer / Bid
Document
: Nil
3 Last Date and time
for submission of
Tender/ Offer / Bid
Document
together with EMD
: March 26, 2019 up to 4.00 pm
4 Place, Date and
time of E-Auction
: Place : e-auction platform at website: https://idbi.auctiontiger.net
Date : March 28,2019
Time : 11 am to 1.00 pm with unlimited extensions of 5
minutes each beyond 1.00 pm, if required.
Page 8 of 12
FORMAT FOR SUBMISSION OF
PROFILE OF THE BIDDER- INDIVIDUAL
For purchase of secured assets owned by the Borrowers
(To be filled and submitted by the Bidder/ Offerer individually for each vehicle)
1 a) Full Name of the
Bidder/Offerer
(in Block letters)
:
b) Complete Postal Address with
PIN Code, Telephone Nos.;
Fax Nos.; Website, etc.
:
c) Mobile Nos.
d) E-mail ID
2 Brief particulars of business (if any)
:
3 Relationship, if any, the Bidder/Offerer
has with any employee of IDBI Bank
Ltd.
:
4 Name and particulars of the
Company/Firm/Person in whose name
the Secured Assets/ property are to be
purchased
:
5. Details of Earnest Money
Deposit (EMD)
RTGS UTR NO. :
Amount remitted :
Date :
6. Income Tax Permanent Account
Number(s) (PAN) of Bidder /Offerer
:
7. Bank account details(In case of refund
of EMD amount)
Account Name:
Account Number:
IFSC Code:
Bank Name & Branch:
* Each and every information and documents to be submitted is mandatory.
I/We have read and understood the detailed terms and conditions of the sale and have also read, perused and
understood all the relevant papers and have carried out my/our own due diligence. In case any information is
found to be incorrect/ incomplete, I/We shall not hold the Authorised Officer or secured lenders responsible for
the same and shall not have any claim whatsoever against either of them.
Signature of the duly authorised official of the Bidder/Offerer
Name and Designation of the Authorised Signatory
Place :
Date :
Page 9 of 12
FORMAT FOR SUBMISSION OF PROFILE OF THE BIDDER
COMPANY/ PARTNERSHIP/ PROPRIETORSHIP
For purchase of secured assets owned by the Borrowers
(To be filled and submitted by the Bidder/Offerer individually for each property)
1. a) Name of the Company/ Firm/ Party
(in Block letters)
b) Complete Registered Address
c) Complete Correspondence Address with
PIN Code, Telephone Nos.; Fax Nos.;
Website, etc.
2. Date of Incorporation
3. Constitution (Private/Public/Joint)
4. Name of Chairman
5. Name of Managing Director / Partners
6. Board of Directors a)
b)
c)
d)
e)
f)
7. Income tax PAN No.
(attested copy of PAN card of the company to
be attached)
8. Date of Last Income Tax Return
(Enclose copy of last 3 years' Income Tax
clearance certificate)
9 a) Full Name of the Authorised Person to carry
out e- auction on behalf of the company/firm
/party (in Block letters)
(Original Authorised letter to be attached to
carry out the e-auction process)
:
b) Complete Postal Address of the Authorise
person with
PIN Code, Telephone Nos.;
Fax Nos.; Website, etc.
:
Page 10 of 12
c) Mobile Nos.
d) E-mail ID
10 Designation of the Authorize Person :
11 Relationship, if any, the Bidder/Offerer has with
any employee of IDBI Bank Ltd.
:
12. Details of Earnest Money
Deposit (EMD)
RTGS UTR No.
Amount remitted
Date
13. Income Tax Permanent Account Number(s)
(PAN) of Authorised person
14. Bank Account details(In case of refund of EMD
amount)
Account Name:
Account Number:
Bank Name & Branch:
IFSC Code:
* Each and every information and documents to be submitted is mandatory.
I/We have read and understood the detailed terms and conditions of the sale and have also read, perused and
understood all the relevant papers and have carried out my/our own due diligence. In case any information is
found to be incorrect/ incomplete, I/We shall not hold the Authorised Officer or secured lenders responsible for
the same and shall not have any claim whatsoever against either of them.
Signature:
Name of the Authorised Person :
Designation :
Company Seal
All authorizations should be annexed to this form.
**********
Page 11 of 12
FORM OF APPENDIX TO THE BID/OFFER
(DECLARATION BY THE BIDDER)
FORM OF BID/OFFER
(Note: This Appendix forms part of the Bid/Offer)
To,
Shri Kanet D’souza
Authorised Officer,
IDBI Bank Ltd., 2nd
Floor, ‘B’ Wing
Mittal Court,Nariman Point,
Mumbai 400 021
Sir,
Sale of Secured Assets:- Vehicles
1 Having fully examined and understood the terms and conditions of the Tender Document and
condition and status of the Secured Assets/property, I/We offer to purchase the said Secured Assets
strictly in conformity with the terms and conditions of this Tender/Offer Document.
2 I/We understand that if my/our Bid/Offer is accepted, I/We shall be responsible for the due observance
and performance of the terms and conditions of the Tender/Offer and acquire the Secured
Asset/property. Should I/We fail to execute and perform the terms and conditions when called upon to
do so, the Earnest Money Deposit (EMD) shall be forfeited.
I/We further understand that if my/our Bid/Offer is accepted, should I/we fail to deposit the balance
amount of 75% of the sale consideration (after having paid 25% of the sale consideration) by the
stipulated date, the said amount of 25% of the sale consideration (including Earnest Money Deposit)
or any further amount/s paid by me/us shall also be forfeited, as laid down in the terms and conditions
of the Bid Document.
I/We further understand that if my/our Bid/Offer is accepted, after making full payment of the sale
price within 7 days of acceptance of bid/offer or such extended period as may be granted by the AO at
his sole and absolute discretion, I/we shall arrange to take possession of the secured assets
immediately thereafter. I/We understand that once the Sale Certificate is issued by the AO, the AO
shall not be held responsible for security and safe-keeping of the secured assets. We further understand
that in the event I/We fail to take possession of the Secured Assets as stated above, the AO reserves
the right to revoke the sale confirmed in my/our favour and forfeit the entire amount paid by me/us
and I/we shall have no claims on the secured assets or to any amount/s for which it may be
subsequently sold.
3 I/We clearly understand and accept that the Authorised Officer or the secured lenders do not take or
assume any responsibility for any dues, statutory or otherwise, of “Mention the Registration number
of the Vehicle”, including such dues that may affect transfer of the assets in the name of the purchaser
and such dues, if any, will have to be borne/paid by me/us in case my/our Bid/offer is accepted.
4 I/We understand that you are not bound to accept the highest or any Bid/Offer you may receive.
Further, I/we will not raise any objection in case the Authorised Officer goes for re-bidding or sell the
assets by any of the modes as prescribed in the SARFAESI Act including sale by negotiation with any
of the bidders and/or other parties by private treaty.
5 I/We understand that time is the essence for completing the acquisition formalities of the Secured
Assets/property and I/we agree and undertake to abide by it.
On Stamp paper of Rs. 100/-
Page 12 of 12
6 I/We have remitted Rs.________ (Rupees __________________________________ only) towards
Earnest Money Deposit (EMD) to IDBI Bank Ltd by way of:
DD/Pay Order No._______________ dated_____________drawn in favour of “IDBI
Bank Ltd.” payable at Mumbai issued by _________________________ Bank.
RTGS in favour of IDBI Bank Limited, Account No. 85537000010054, IFSC Code:
IBKL0000004, Branch : Nariman Point, Mumbai.
7 We understand that the EMD will not carry any interest.
8 We understand that the Bid/Offer should be unconditional and Bid/Offer having conditions contrary to
the terms and conditions of the Tender/Offer document can be summarily rejected.
Place : Mumbai
Dated ..._____ day of __________2019
Signature ...........………………………. in the capacity of ................................
duly authorised to sign Bid/Offer for and on behalf of .................................................
(Name and address of the Bidder/Offerer)
(IN BLOCK CAPITALS)
WITNESS :
Signature : .............................
Name & Address : ....................................
Occupation : .......................... ................................
***